Rapidly Growing Opportunity for TokenPay in Merchant Services

Ex-Barclays Capital Investment Banker & Payments Exec Added to Advisory Board

TokenPay has strengthened its APAC financial services market position by adding Subir Lohani to the Advisory Board. Subir is an Investment Banker formerly with Barclays Capital. He is now the Chief Growth Officer of Indonesian payments company PayPro and plans to play an integral role in the TokenPay Asian Pacific merchant services rollout that is planned for 2018.

A Key part of the TokenPay Business Model is Merchant Payment Services

TokenPay’s merchant services division will soon be offering businesses around the world the opportunity to transact with TPAY as well as other crypto products. All of this is possible with the integration of our planned bank and exchange API to provide liquidity. Businesses will have the flexibility to convert crypto to fiat. Also, fees for merchants will be as low as 0.25%. Merchants accepting TPAY will save more than 90% from traditional merchant service options and not have to struggle with chargebacks, hold and reserve rates and various restrictions imposed by the traditional credit card processors.

High Demand and Rapidly Growing Market Opportunity

Consider the core tenants of the TokenPay proposition. That is, there has been a significant growth in the number of unique active users of cryptocurrency wallets. It is estimated that currently there are between 2.9 million and 5.8 million unique users actively using a cryptocurrency wallet. This figure has significantly increased since 2013. However, the Cambridge University study quotes that the estimation of the total number of active wallets does not include users whose exchange accounts serve as their de facto wallet to store cryptocurrency, nor users from payment service providers or other platforms that enable the storage of cryptocurrency. In other words, the total number of active cryptocurrency users is likely considerably higher than the estimate of unique active wallet users.

Stay tuned for more exciting news about TPAY for Business. In the meantime, for more information please click here to read the detailed Whitepaper.